Roman Butler Fullerton & Co. Buys Shares of 3,591 Robinhood Markets, Inc. $HOOD

Key Points

• Roman Butler Fullerton & Co. purchased 3,591 shares of Robinhood Markets, Inc. for approximately $336,000 in its recent SEC filing.
• Several hedge funds have increased their stakes significantly in Robinhood, with Oppenheimer Asset Management Inc. raising its stake by 490.1% during the first quarter.
• Insider selling included a transaction by CEO Vladimir Tenev, who sold 750,000 shares for over $104 million, indicating potential concerns or rebalancing among company executives.

Roman Butler Fullerton & Co. bought a new stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 3,591 shares of the company's stock, valued at approximately $336,000.

A number of other hedge funds have also added to or reduced their stakes in HOOD. GAMMA Investing LLC raised its stake in Robinhood Markets by 40.2% during the 1st quarter. GAMMA Investing LLC now owns 8,210 shares of the company's stock valued at $342,000 after buying an additional 2,352 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in shares of Robinhood Markets by 36.9% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 11,537 shares of the company's stock worth $480,000 after purchasing an additional 3,107 shares in the last quarter. Blue Trust Inc. increased its stake in shares of Robinhood Markets by 28.6% in the 1st quarter. Blue Trust Inc. now owns 1,998 shares of the company's stock worth $83,000 after purchasing an additional 444 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in shares of Robinhood Markets by 43.7% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 79,193 shares of the company's stock worth $3,296,000 after purchasing an additional 24,075 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. increased its stake in shares of Robinhood Markets by 490.1% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 43,228 shares of the company's stock worth $1,799,000 after purchasing an additional 35,903 shares in the last quarter. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Robinhood Markets

In other Robinhood Markets news, insider Steven M. Quirk sold 60,113 shares of the stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $100.91, for a total transaction of $6,066,002.83. Following the completion of the transaction, the insider owned 94,454 shares of the company's stock, valued at $9,531,353.14. This represents a 38.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Vladimir Tenev sold 750,000 shares of the stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $139.73, for a total transaction of $104,797,500.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,175,598 shares of company stock worth $579,779,430. Insiders own 14.47% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on HOOD. Barclays upped their price objective on Robinhood Markets from $102.00 to $120.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. KeyCorp upped their price objective on Robinhood Markets from $60.00 to $110.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 1st. Needham & Company LLC upped their price objective on Robinhood Markets from $120.00 to $145.00 and gave the stock a "buy" rating in a research note on Tuesday, September 30th. Citizens Jmp upped their price objective on Robinhood Markets from $130.00 to $170.00 and gave the stock a "mkt outperform" rating in a research note on Thursday, October 9th. Finally, Compass Point upped their target price on shares of Robinhood Markets from $64.00 to $96.00 and gave the stock a "buy" rating in a report on Friday, June 27th. Twelve analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $118.94.

Robinhood Markets Stock Performance

Shares of HOOD stock opened at $134.33 on Friday. Robinhood Markets, Inc. has a 52-week low of $23.00 and a 52-week high of $153.86. The firm has a market capitalization of $119.38 billion, a PE ratio of 68.19, a PEG ratio of 3.30 and a beta of 2.42. The stock has a fifty day simple moving average of $122.90 and a two-hundred day simple moving average of $91.56.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.30 by $0.12. Robinhood Markets had a return on equity of 17.48% and a net margin of 50.13%.The business had revenue of $989.00 million during the quarter, compared to analyst estimates of $893.93 million. During the same quarter in the prior year, the business posted $0.21 EPS. Robinhood Markets's revenue for the quarter was up 45.0% compared to the same quarter last year. On average, sell-side analysts forecast that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

Robinhood Markets Company Profile

Robinhood Markets, Inc operates financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds (ETFs), American depository receipts, options, gold, and cryptocurrencies. The company offers fractional trading, recurring investments, fully-paid securities lending, access to investing on margin, cash sweep, instant withdrawals, retirement program, around-the-clock trading, and initial public offerings participation services.

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